Galeria Karstadt Kaufhof has agreed to take over 106 travel offices and the German online platform of the bankrupt tour operator Thomas Cook.
The transaction must be approved by antitrust authorities, as well as the Thomas Cook Creditors’ Committee.
The British operator Thomas Cook, the world’s oldest travel company, went bankrupt at the end of September after failing to find the necessary funds to survive.
Frequently Asked Questions
What did Galeria Karstadt Kaufhof acquire from Thomas Cook?
The company took over 106 travel offices and the German online platform of the bankrupt operator.
Who needs to approve the transaction?
The deal requires approval from antitrust authorities and the Thomas Cook Creditors’ Committee.
Why did Thomas Cook go bankrupt?
The world’s oldest travel firm failed to secure the necessary funds to continue its operations.